The news has been abuzz recently with three major stories that are shaking up the tech and gaming world. Alphabet Inc., the parent company of Google and its many subsidiaries, recently announced their intent to layoff staff members and shut down several businesses due to the impact of the Coronavirus pandemic. Meanwhile, ChatGPT, a natural… Continue reading ChatGPT layoffs
Category: layoffs
Greenlight, kids-focused fintech startup, lays off 104 employees to optimize expenses
Greenlight, a kids-focused fintech startup that aims to bring financial education to families, has announced it is laying off 104 employees in order to optimize expenses. The company was founded in 2014 with the mission of helping parents teach their children about budgeting and money management. Greenlight had grown rapidly, adding hundreds of employees, as… Continue reading Greenlight, kids-focused fintech startup, lays off 104 employees to optimize expenses
DirecTV is the latest pay-TV company to lay off staff amid the ongoing shift to streaming
In yet another sign of the ongoing transition from traditional pay-TV to streaming services, satellite provider DirecTV has announced layoffs of an undisclosed number of staff members. The layoffs are part of an effort to streamline operations in the face of changing consumer demands, as more and more viewers move away from traditional TV subscriptions… Continue reading DirecTV is the latest pay-TV company to lay off staff amid the ongoing shift to streaming
Company created by Citrix-Tibco merger confirms it has laid off 15% of staff
A company created from the merger of Citrix and Tibco has confirmed that it has laid off 15% of its staff. Earlier this month, the merger between virtualization firm Citrix Systems and business integration software provider Tibco Software was announced. The new company, Citrix-Tibco (CTIB), has now confirmed that it has laid off about 150… Continue reading Company created by Citrix-Tibco merger confirms it has laid off 15% of staff
Stellantis is blaming EVs for its upcoming Jeep layoffs
The news that the recently formed Stellantis carmaker is planning to layoff workers from its Jeep division has been met with shock from auto workers and industry analysts alike. But, surprisingly, the layoffs have nothing to do with the economic environment or a companywide reorganization. Instead, Stellantis is citing a shift in consumer demand for… Continue reading Stellantis is blaming EVs for its upcoming Jeep layoffs